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🐪 🕌 Abu Dhabi Funds Hold $763.7M in Bitcoin

⁀જ➣ Two Abu Dhabi sovereign wealth funds reportedly hold a combined $763.7 million in BlackRock’s Bitcoin ETF (IBIT).

💰 Major Holdings
⁀જ➣ Mubadala: $490M — its 2nd-largest holding Abu Dhabi
⁀જ➣ Investment Council: $273.6M — its largest holding

🟠 Bitcoin Goes Institutional
⁀જ➣ Both funds maintained their positions from the previous quarter, highlighting continued confidence in Bitcoin.
⁀જ➣ The UAE’s broader Bitcoin exposure is also notable because some holdings are linked to domestic mining, rather than government seizures.

📈 BlackRock IBIT Strength
⁀જ➣ BlackRock’s IBIT remains the leading crypto ETF, with around $47.3B in assets under management.

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$BTC